AutoNation, Sonic likely to be hardest hit on Q2 earnings by CDK cyberattacks
Both the second- and sixth-largest dealership groups in the U.S. use CDK's dealer management system at all stores......»»
Optoelectronic diamond device reveals an unexpected phenomenon reminiscent of lightning in slow motion
Diamond is in many ways the ultimate material. Besides its enduring aesthetic value, diamond is also a highly versatile industrial material. While its claim as the hardest substance known to science has been usurped by ultra-rare minerals and newly d.....»»
AutoNation sale of 2 Ford stores may just be start
AutoNation Inc. in August sold two Ford dealerships and it appears it may have more dealerships slated to sell, according to a regulatory filing......»»
This tiny backyard bug does the fastest backflips on Earth
Move over, Sonic. There's a new spin-jumping champion in town—the globular springtail (Dicyrtomina minuta). This diminutive hexapod backflips into the air, spinning to over 60 times its body height in the blink of an eye, and a new study features t.....»»
CDK CEO boosting tech, innovation investment after cyberattacks
CDK CEO Brian MacDonald said the cyberattacks have led to acceleration of an ongoing investment in innovation and IT infrastructure......»»
Public dealerships" F&I gross profits fall in Q2 but most above $2,000 a vehicle
AutoNation, Lithia, Group 1, Sonic and Asbury all had same-store finance and insurance gross profit per vehicle above $2,000 in the second quarter......»»
Lithia"s captive finance company Driveway Finance turned a Q2 profit
Lithia Motors Q2 2024 earnings: After just a few years of operation, Lithia's relaunched captive finance car loan company Driveway Finance Corp. turned a profit during the second quarter and was on track to stay that way......»»
CDK Global says employee, customer data safe after cyberattacks
CDK said third-party evaluations after the June 19 cyberattacks haven't revealed any theft of employee or customer data......»»
Adversaries love bots, short-lived IP addresses, out-of-band domains
Fastly found 91% of cyberattacks – up from 69% in 2023 – targeted multiple customers using mass scanning techniques to uncover and exploit software vulnerabilities, revealing an alarming trend in attacks spreading across a broader target base. In.....»»
Dealerships kept contracts digital in Q2 despite CDK Global outage, Wolters Kluwer says
Car dealerships sent auto lenders more digital car loan contracts in the second quarter opting against paper documentation, despite the CDK Global outage in June following two cyberattacks......»»
Why C-suite leaders are prime cyber targets
Senior executives are prime targets for cybercriminals, with 72% of surveyed cybersecurity professionals in the US reporting that cyberattacks have targeted this group in the past 18 months. This trend, highlighted in GetApp’s 2024 Executive Cybers.....»»
GuidePoint Security releases Phishing as a Service
GuidePoint Security has launched a new Phishing as a Service (PhaaS) offering. Phishing remains one of the most common entry points for threat actors – according to CISA, over 90% of successful cyberattacks start with a phishing email. However, man.....»»
Video dominates mobile app revenue; TikTok coins reward live streamers
Video dominates mobile app revenue, according to a new report. Of the total $3.8B smartphone owners spent on entertainment apps last quarter, three billion of it was spent on streaming and short video apps. The most dramatic growth in earnings was.....»»
Stellantis shareholders sue automaker in U.S. after disappointing earnings
The complaint said Stellantis artificially inflated its stock price for much of 2024 by making "overwhelmingly positive" assessments about inventories, pricing power, new products and operating margin......»»
NIST releases finalized post-quantum encryption standards
NIST has finalized its principal set of encryption algorithms designed to withstand cyberattacks from a quantum computer. The announced algorithms are specified in the first completed standards from NIST’s post-quantum cryptography (PQC) standardiz.....»»
Cars Commerce helped dealers cope in wake of CDK cyberattacks
CEO Alex Vetter said Cars Commerce helped find creative solutions for dealers, even as the CDK Global cyberattacks affected his own business initiatives......»»
Cars Commerce Q2 net income drops 88% with accounting adjustment
Cars Commerce lowered its guidance in part because of the impact from the CDK Global cyberattacks in June......»»
CDK cyberattacks dampen public dealership groups" Q2 numbers
The June 19 CDK cyberattacks significantly dampened earnings or created noteworthy short-term financial setbacks for five of the six public dealership groups......»»
Sonic executive calls out automakers for inventory pileups
Sonic said its days' supply for some brands is as much as 200 days......»»
Cars Commerce Q2 net income drops 88% after accounting adjustment
Cars Commerce lowered its guidance in part because of the impact from the CDK Global cyberattacks in June......»»
What"s Next for Super Micro Computer After Stock"s 20% Post-Earnings Plunge?
What"s Next for Super Micro Computer After Stock"s 20% Post-Earnings Plunge?.....»»